When you have plenty of spare money AND you have plenty of time ahead of you AND you are still far away from meeting your final investing goals e.g. level of desired passive income exceeding your annual household expenses.
It is not when?
It is combination of when you have ...., what you have .... and where you are going ....!
All three stars are aligned, it is time to act slowly according to your money management plan and investing goals. It is where you have control of when and not Mr. Market.
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.